UK Tech Firms Outpace National Average on Payment Practices, But Laggards Remain

The Numbers

• 61 UK Information Technology companies analysed.
• Average PaymentCheck Score: 64.5/100.
• UK average across all sectors: 50.0/100.
• IT sector is 14.5 points above the national average.
• East of England average: 79.0/100 (7 companies).
• Yorkshire and The Humber average: 77.4/100 (4 companies).
• Scotland average: 75.7/100 (2 companies).
• London average: 67.5/100 (18 companies).
• Unknown region average: 59.8/100 (5 companies).

What Stands Out

While the IT sector as a whole demonstrates a better payment record than the UK average, a sizable gap exists between the best and worst performers. The concentration of higher scores in specific regions suggests that geographical factors, such as local business cultures or the types of IT companies concentrated there, might play a role.

Best Payers

1. TRUSTMARQUE SOLUTIONS LIMITED - 95.9/100
2. ITC INFOTECH LIMITED - 95.03/100
3. COMMVAULT SYSTEMS LIMITED - 94.5/100
4. METASWITCH NETWORKS LTD - 93.17/100
5. TRENCHANT LIMITED - 91.35/100

Worst Payers

1. EXCLUSIVE NETWORKS LIMITED - 24.5/100
2. NOKIA UK LIMITED - 26.5/100
3. AVAYA UK - 27.3/100
4. KYOCERA DOCUMENT SOLUTIONS (U.K.) LIMITED - 31.7/100
5. DAISY COMMUNICATIONS LTD. - 36.73/100

Regional Patterns

The East of England leads with an average PaymentCheck score of 79.0 across its 7 IT companies, exceeding even London's average of 67.5, though this may be skewed by the small sample sizes in some regions. The "Unknown" region firms fall below the IT sector average at 59.8, suggesting transparency might be a factor in their payment practices.

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The IT sector's 14.5-point lead over the UK average is encouraging, but the bottom five's scores, particularly Exclusive Networks' 24.5/100, highlight the need for continued scrutiny and improvement in payment practices.